A year of dynamic growth for GoldSpot
2021 overview and successes, paves the way for potent 2022 Metal Tech News – April 6, 2022
Last updated 4/5/2022 at 12:40pm
A leading technology company that leverages machine learning and data science to transform the way mineral deposits are discovered and defined, GoldSpot Discoveries Corp. says 2021 was a pivotal year marked by corporate milestones and client success that sets the stage for its 2022 development strategy.
"2021 was truly a transformational year of dynamic growth for GoldSpot," said GoldSpot Discoveries President Denis Laviolette. "Our acquisitions solidified our commitment to introduce licensable software products with recurring revenue streams using AI and Geoscience as well as facilitated GoldSpot's platform expansion strategy with new tools and resources for the mining sector. The company's considerable progress to date is a testament to the strength of the entire GoldSpot team."
And what a transformational year it has been! As more than just an AI company, GoldSpot has added a number of interesting and potentially beneficial services to its already impressive portfolio, cementing its position as a leader in the future of mineral exploration.
From advanced digital mapping to a social media platform, GoldSpot has diversified to provide the ultimate set of services for the mining industry.
In late August, the company announced its intentions to acquire Geotic – a software-as-a-service (SaaS) company that has provided cutting-edge tools for the mining industry for nearly two decades before coming under the GoldSpot Umbrella – as well as CEO.CA – an investment social network with over 9 million corporate executives, and institutional and retail investors with deep roots in the mining industry and other sectors.
You can read more about both companies at GoldSpot to acquire CEO.CA and Geotic in the August 18, 2021, edition of Metal Tech News.
Shortly after this announcement, GoldSpot kept the momentum up by reporting its intention to acquire DigiGeoData, a superior digital mapping software company that allows its user to interact with and manipulate in real-time.
You can read all about DigiGeoData at GoldSpot adds tech mapmaker DigiGeoData in the December 22, 2021, edition of Metal Tech News.
Finally, outside the software realm, GoldSpot acquired Ridgeline Exploration Services to bolster the formation of the company's Applied Geophysical Services division. Opting to also provide mining companies with a means to acquire the data GoldSpot analyzes; what better way to standardize and streamline the process than by doing the work yourself.
With its lineup of services becoming rock-solid, GoldSpot also reported the addition of over 20 new clients from around the globe.
From Fortuna Silver Mines Inc. in Mexico, Critical Elements Lithium Corp. in Canada, and even Tembo Gold Corp. in Africa, the effectiveness of AI in the mineral exploration process quickly spread.
Highlights from GoldSpot's 2021 client successes include:
• Discovery of a new gold-rich zone at the Beaufor gold deposit for Monarch Mining Corp. in the Québec province.
• Lithium targeting and outcrop detection for Critical Elements Corp.'s Bourier project in Quebec.
• Boots on the ground and desktop work expanded the prospective high-grade gold corridor to over four kilometers (2.5 miles) at the Lloyd project for Quebec Precious Metals Corp.
• Identification of 54 targets on the Tembo Gold Corp. project located near Barrick Gold's Bulyanhulu gold mine.
• In late October, Pretium Resources Inc. credited GoldSpot's work for its incredibly successful drill hole discovery at the Golden Marmot gold zone on the Brucejack property in British Columbia.
• Geophysical and geochemical interpretation completed for Sterling Metals Corp. helped lay the groundwork for the discovery of the Heimdall zone at their Sail Pond silver project in Newfoundland.
• The TriStar Gold Inc. interim resource estimate was underpinned by a refined geological model, which was built using a new chemostratigraphic classification scheme developed especially for Castelo de Sonhos by GoldSpot geochemists. This new geological model better constrained the gold-bearing unit, making it volumetrically smaller and high grade.
• Vale Canada Ltd. engaged GoldSpot following the GoldSpot machine learning short course offerings in 2020, with work continuing into 2021.
With a lineup of state-of-the-art software services and testimony from several majors in the mining industry, GoldSpot has seen explosive growth since its inception in 2016.
Beyond even its software, however, the company also provides cutting-edge technologies that allow easier accumulation of the data necessary for discovery.
With three products already having reached maturity as regular tools to service client projects: LithoLens, MinusOne, and GeoFEZ. GoldSpot has drilled its place into the niche world of applying AI and other technologies to mineral exploration.
You can read about LithoLens at Core photos new focus for AI exploration in the October 21, 2020, edition of Metal Tech News.
The accolades and advancements could go on, yet so far, the momentum appears only to be continuing for this avant-garde AI company.
"2022 will bring further evolution to the technology portfolio as well as additional recruitment to strengthen our subsidiaries and support our growing client base as we work to define the next generation of mineral explorers," finished Laviolette.